machos
Short

GBPUSD - Head and Shoulders

FX:GBPUSD   British Pound/U.S. Dollar
36 1 0
Short on retest of the neckline - I will set an order until the NPP number and if it is not hit before the number, then I will wait for the news. My view is that the number will beat expectations and the dollar will rally. If dollar sells off, then we could possibly get a better entry, given that the price doesn't exceed the right shoulder.
In retrospect should not have entered because already so far away from neckline or could have cancelled trade once PA hit the resistance. Furthermore, my entry was not at the neckline but below it, increasing the risk. Lessons learned. SL hit.
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